Water Street Partners purchases Wayzata office building

Tuesday, February 11, 2020

Water Street Partners purchases Wayzata office building | Third acquisition in Water Street Partner’s first fund

Minneapolis – (February 11, 2020) – Twin Cities-based Water Street Partners, LLC, has closed on the purchase of 800 Wayzata Boulevard, in Wayzata, MN, for $3,600,000. The property includes a 21,000 square foot Class B office building and three levels of parking. Entities related to local accounting firm Copeland Buhl owned and occupied the building since its construction in 1984. Copeland Buhl will continue to occupy the building post-sale.

“This building complements our existing portfolio nicely,” said Joe Boone, Managing Partner. “We like the location and functionality of the building and believe it will perform well for our investors long-term.”

“We are excited to partner with Copeland Buhl on this transaction,” said Jim Hegedus, Managing Partner. “The people have all been great to work with. It’s no wonder they’ve built such a strong reputation over the past five decades.”

Water Street Partners, LLC, was formed in 2017 and pursues assets of all property types and risk profiles in a variety of markets, with a concentration in the Minneapolis-St. Paul metropolitan area. Its investment activities include acquiring existing properties and providing capital markets advisory services for Minneapolis-based Oppidan Investment Company.

Subscribe to Our E-Newsletter

The information contained in this website is for general information purposes only. The information is provided by Oppidan Incorporated, and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from, out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of Oppidan Incorporated. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, Oppidan Incorporated, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.